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20121006
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Search Results 0 to 49 of about 137 (some duplicates have been removed)
will be divided in to six 15-minute segments. allotted to topics related to the economy, healthcare and government. tens of millions of americans will be watching. according to the polls, most have already made up their minds. one recent poll says 7% of likely voters are still undecided. they will be the primary targets tonight. as the neigh watches. chief white house correspondent ed henry begins our coverage. >> in the run township the clash that will help decide whether he gets another four years, president obama stayed mum. leaving the heavy lifting yet again today to former president bill clinton in new hampshire, who made the case this is a choice about the next four years. >> the economy is not fixed. i am telling you, nobody can fix this much damage in four years. but the president's economic plan is better in the short run, better in the long run. >> reporter: the president made the opposite case in 2009. vowing to get the economy fixed in three years or this would be in his words a one-term proposition. which is why senator marco rubio told fox he believes the president will be vulnerabl
questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> so john harwood, before we talk about this back and forth, i want to talk about the psychological impact of the rate falling below 8% today. >> it's positive for obama and say that the rate is where it was when i took office. i don't think we should be under any illusions. 7.8% is a high unemployment rate, weak economy. it is a talking point for the administration, and it will get a lot of media attention. it doesn't change the underlying economic reality facing americans, which is not good. >> the labor department lsd employers added 114,000 jobs in september. the goal would have been around 150,000, 155,000, right john? >> exactly. there were upward revisions from the month of august, which is positive for the administration. generally speaking as one labor economist told my colleague"th,n economy with three speeds, slow, idle and reverse. we're in slow mode right now, and this report reflects it. >> let's brin
in obama's handling of the economy and romney. we have two jobs report left before the election. do you think -- well, what do you think the impact will be? >> i don't think there will be all that significant because if it was going to be significant in the jobs report obama would be toast. he has had 43 months in his term so far where the jobless rate is above 8%. now, and all of the time between 1948 and 2009 when obama took office in cumulative months and which the unemployment rate was above. some 39 months and 43 months in just three and a half years of his presidency. those are the staggering your numbers. yet people still say, well, he's trying really i've. lori: he wants to try to cut tax of year and a higher percentage. 75 percent individual income rate. >> it is absurd. there is no economic basis for that other than we don't think people ought to earn that much money, so we're going to take away. that is socialism at its very essence. and so you elected socialist president. voila. you're going to have socialist policy, and that is what you have. he comes out with a 75% tax rat
their guy had a bad day. they hedged. obama and romney spar over fixing the economy, they said. well, dare i call this a romney rally? i will tell you that stocks will open up today. the day after the romney win. "varney & company" is about to begin. you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >> october 4th, a lot happened during last night's debate. we have 90 minutes worth of back and forth to choose from. we will pick only the best moments for you. mitt romney was the clear winner because he was focused and forceful. here is one example. clear example of romney attacking the president, the topic is energy. >> but don't forget, you put 90 billion dollars, like 50 year's worth of breaks, into solar and wind, to -- solyndra and fisker and tesla. i have a friend you don't just pick the winners and losers, you pick the losers. stuart: we've not seen that ki
the president is leading look at this number, economic optimism. 57% now believe the economy is recovering. that number is up six points in just the past few weekz. ultimately this race will be won in nine battleground states. florida, virginia, and ohio romney is tight in the races with the states of fluidity, florida and virginia. in florida obama and romney are neck and neck. virginia romney has narrowed the lead from 5 to 2. another statistical tie. in ohio the president has improved his standing. he leads romney there by eight points. and for those wondering about the party idea the sample is less democratic in ohio this time than the last poll. digging deeper into our numbers we divided thet battleground states by three measures. president's job rating. romney's favorability rating that number is still under water he has problems and the question of which candidate is better equipped to manage the economy. remember the unemployment rate is 5.9% in virginia. romney's favorable in florida but under in virginia and ohio. when it comes to who is better able to manage the economy a questi
if you stop an economy growing, it will be of more out of work claiming benefits, not paying taxes. businesses struggles that they are not paying taxes. and as a result, borrowing goes out. our income not to invest in schools and transport and education, but are we to keep people idle so the next time you hear a conservative say to you, labor would increase borrowing. just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we have seen recessions, higher unemployment, higher borrowing. i don't think that is what people were promised. there will be some people who say, and this is an important argument. it will be some people who say they were short-term pain, but it is worth it for the long term gain. and i'm afraid the opposite is true. the longer you have low growth in the country, the baker to debt comes to the future and the bigger problems will be in the future. the longer a young person is out of work, that's not just bad for the prospects now. it is bad for their prospects for the whole of the rest of their lives. and it's
to average americans, the economy. let's run this through the spin cycle. i think this is a double-edge sword. on the one hand, this election is about the economy. and regardless of how tempting foreign policy is right now, come election day, voters care most about the economy. that's true i think every year. we know this from 2004. which was supposed to be an election on foreign policy and still exit polls showed most voters cared about the economy. so i think the advisors who want him to stay on message about the economy are right. however, the other side to this, and i guess i'm arguing two points here, the other side to this is, there are areas to exploit. obama's foreign policy has been whitewashed by his defenders and i think there are people on the right in the middle and honest people on the left who would be outraged to hear a little bit more about obama's failed promises. the problem mitt romney is going to have, he has to come at foreign policy from the left and right. that's tricky. from the right, he needs to talk about obama's policy of open hands versus clenched fists, have see
this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a potential boost to the president's campaign. no incumbent since the great depression has beenwith unemplo8 percent. the president said the economy is moving forward and suggested governor romney's policies would spark another financial disaster. >> we made too much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen and i won't allow it. >>trace: governor romney downplayed the new jobs numbers. he wrote in a statement and i quote, "this is not what a real recovery looks like. we created fewer new jobs in september than in august and fewer jobs in august than in july. we have lost over 600,000 manufacturing jobs since president
: steve, on the economy specifically, a majority of voters disapprove of the handling of the economy by the president. take a look at this. almost 60% think his economic policies have actually hurt the economy or made no difference at all and that of course is by far the number one issue yet 50% say he deserves to be reelected. do you think, steve, people believe the bill clinton argument that nobody, no president, could have actually solved this in four years? >> yeah, i do think that had some effect. there is no question that president obama came out of the conventions with a little bit of momentum. you talk, it is not only showing up in the public polling that we're talking about here today but talk to republican pollsters polling on senate and house races and they will talk about what they call the clinton bump. they have seen it across polling in various parts of the country that voters who are asked a question is the country on the right track, is the country on the wrong track, which most pollsters believe the single best determiner ho will win in november, there was a jump in
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
this insane claim making about how one candidate or another is going to transform this economy. we heard romney the other night. he's got no transformational ideas except trickle down economics which we've seen doesn't work. we're not going to have miracles here. we need steady leadership, and whoever can provide that and be honest with the american people about steady leadership in terms of recovery and how he is going to do it as president ought to be the president. but enough of this rhetoric. >> to your point that the truth is important after these jobs numbers came out, jack welch tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change the numbers. they are saying, rana, that these numbers were manipulated. >> that's nonsense. come on. >> if they were manipulated he would have boosted the manufacturing numbers. they were still down. these were mostly gains in health and education. i'm hopeful actually that the ticking down of the unemployment figure will make it a little easier to come to the kind of grand bargain we're going to need to come t
the economy -- >> let's get back to medicare. the president said that the government could provide the service at a lower cost and without a profit. if that's the case then it will always be the best product that people can purchase. >> just a minute, governor. >> my experience is the private sector is typically able to provide a better product at a lower cost. >> can the two of you agree that the voters have a choice, a clear choice between the two of you on medicare? >> absolutely. >> all right. so to finish quickly, briefly on the economy, what is your view about the level of federal regulation of the economy right now? is there too much? and in your se, mr. president, should there be more? beginning with you, this is not a new two-minute segment. we'll go for a few minutes and then we're going to go to health care. okay? >> regulation is essential. you can't have a free market work if you don't have regulation. as a business person, i had to have -- i needed to know the regulations. i needed them there. you couldn't have people opening up banks in their garage and making loans. you have to
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
of our economy. governor romney quickly issuing a statement saying, this is not what a real recovery looks like. meanwhile, we are awaiting, we're awaiting remarks from president obama. both presidential nominees are campaigning in the battleground state of virginia today. we are closely monitoring these events. we'll bring you the very latest developments. back to all of that in just a moment. but first, brand new stories and breaking news. jenna: new developments on a deadly meningitis outbreak putting nearly half of all states on alert with fresh concerns that more people may be at risk. we're going to have the latest on this health scare and also new questions being raised by certain medication. you're going to want to hear that. >>> also a major airline scrambling to fix a problem that could be very dangerous at 35,000 feet. american airlines canceling dozens of flights ahead of the holiday weekend. wait until you hear why. >>> also this is not a knockout for the justice system. what prompted this guy to attack his own lawyer. that's all, "happening now." jenna: a lot of great s
they both say that they have the answers to try to turn the economy around xshgs it really comes down to appealing to we think about 6% of the electorate right now who hasn't decided who they're going to vote for. of that 6% they live in nine states, including the state that i'm standing in right now. the other states that we're really focussing on as we just talked about, virginia, florida, ohio, it's also nevada, iowa, new hampshire. it's all across the spectrum of who these candidates are trying to reach out to, suzanne. >> and right where you rshgs of course, you mention in colorado nine electoral votes. critical to get them to the magic nm number needed to win. president obama seems to have the advantage in this state, and, of course, the dnc held their convention there back in 2008. how much does it matter to have the hometown advantage, to have the people who are sitting in that audience and perhaps you are ahead in the polls? does it make that much difference in a debate setting? >> well, he certainly has a little bit of a lead right now, according to the latest cnn poll of po
about the economy. they went after joe biden for his gaffe on saying the middle class has done poorly under the president, but i think, again, they're trying to do things in this tactical way that just hasn't worked for them so far and i think every day they're not having mitt romney out forcefully explaining what the president has done on the economy, is not a great day for them. now, he's in a better place than a lot of the pundits have suggested but i don't really think they have days to waste on things like this and the backlash against it was so strong. when drudge tees something up, even though he tilts right and even though a lot of people denigrate him, it gives the republicans an opportunity to dominate a news cycle. when they cry wolf with a 5-year-old video, it undermineds something so effective as a delivery mechanism over the years. >> i want to open this up to our panel here. karen, the debate, structure of the debate tonight, three segments on the economy, one segment on health care, one segment on the role of economy. no question on vintage youtube clips which is a tot
's focus is domestic. >> yep. >> no bigger domestic issue than the economy, as we know. we'll have a rather open format. do you think we'll actually hear a specific from mr. romney on how he plans for a revenue-neutral 20% tax cut across the board for every american? are we going to hear that tonight in. >> no, absolutely not. i think what you're going to hear and see is more of a tactic. sort of a communications tactic of making it sound like he's talking like a plan, like that 17,000 cap he threw out the other day and then his team walked that right back. probably -- >> karen, that's known as i've got a hole in my pocket, dear liza. >> that's right. you'll hear him talk about a number of these things as if it sounds like a plan, but without any specifics. i think what you'll see from the president is more specifics. again, the president actually has a record to talk about. i mean, put forward a health care plan. happened to be, you know, based on mitt's, but whatever. he has a jobs plan, a number of things of specifics he can point to whereas romney doesn't. i think that will be part of t
private enterprise to grow the economy. the other, his version of president obama's view is that government is still in control of everything. the challenge for governor romney and the debate on wednesday is going to be fully articulate his vision for america's future to the largest audience of his political career. >> we need to give the american people the choice we are offering. that is what we are offering. we owe the country a very clear choice of a different future. we can have a dynamic growing economy that produces opportunity or we can have a stagnant opportunity that fosters dependency. >> romney campaign is looking for a solid performance, no knock outs which the governor has become famous for. he has been avoiding those since he tried to make the with governor perry. >> what is the word on the foreign policy message for romney? >> the governor has an op-ed in the "wall street journal" saying of president obama, by failing to maintain our new, president obama has heightened the instability. he does not understand that an american policy that lacks resolve can p
of return. do something to get the economy to move again. i think there's a lot of compelling unions that are think abouting it circhtly. to underestimate the kind of [inaudible] >> i would say one thing to watch political any in the jersey we come from a unionized state than a lot of states in the south. the union have different power and i think one of the things that is important to watch you saw it in wisconsin and you see in other places it's a growing system between public sector and union work force which is growing and the trade and the private sector. they are different views on politics and very different views on public policy coming from both sides. i think we're at an early stage on that. i think it is something to watch as we go forward in terms of the political objectives of public sector and private sector which ultimately different subjective you will see a bit of divergence in that. >> people love to talk about it. the division between public and private sector unions. there a certain number of tenet whether you're public or private. [inaudible] what you pay for the
mitt romney has hammered president obama about job growth. elect me, i can turn the economy around. but today the rationale for his entire campaign is crumbling. the new job numbers are out and unemployment has dropped to 7.8%. under 8% for the first time since president obama first came into office. that's progress on jobs and that's good for america. but it's absolutely demolishes a favorite romney talking point. >> three years later, unemployment is still above 8%. >> we've gone 41 months with unemployment above 8%. >> we've had 42 straight months with unemployment above 8%. >> still 8% with over 43 straight months. >> today, that talking point disintegrated and president obama has a strong record to campaign on. >> this morning we found out that the unemployment rate has fallen to the lowest level since i took office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> now, governor romney issued a statement today saying, quote, this is not what a rea
to try to pay for all of this. what they will do is destroy their economy. so this will be, this will be the end for france. this can't last. hollande, i can't man he is president for much longer because, because his popularity is plummeting. >> kind of depends on who is, who is out there voting. whether or not they support it. in france there are a whole bunch of people are looking to leave. super victoria supermodels say they will leave the country. >> right. melissa: the head of lvmh will leave the country. ceo of beauty companies saying that they're going to, they're going to have a really hard time, recruiting, l'oreal, will have a hard time recruiting executives because why would somebody come to france and work if giving away 70% of the income. there you go. that is everybody racing for the door. >> right. they have raised tax rates across the board. 41% rate went to 45. they now have a higher tax rate than the average european tax. remember, airbus is in france. so, and part of this tax hike they're taking away the ability of corporations to deduct interest on their
the president created a big problem for himself. i don't think he explained himself very well on the economy. i thought he was off his game. i was stunned tonight. rash elyou just mentioned about time, the president needs to get in and fight for that time. there's people that expect him to fight for that time. >> i thought the one thing that mitt romney did tonight that he has not done for the duration of the campaign and was very effective was just lop off the right wing of his party. he didn't care about them tonight. if something was popular, more money for community schools, he was for that. it didn't matter if it would make the right wing, how. whenever the president named a popular policy, more spending on education, more money on medicare, he was for it and he would attack the president for things that were unpopular. so the question becomes can you effectively tie mitt romney to the republican party and its core commitments, both how it acts in the house and the things he has said during the republican debates. and that never really happened tonight. but those of course are the facts of
the president's handling of the economy and what mitt romney would do were he elected president to fix the economy. so that is basically the game plan from the romney campaign, do no harm and live to fight another day. >> it is interesting to say he's not looking for a knockout punch, that's apparently what shannon o'brien who was hoping to win that gubernatorial race in massachusetts back in 2002, that's what he said she was so good at. we're talking to her later. romney has been pretty -- he's been known to get forceful, jim, when he lets his dander up, if you will. let's look at a clip here from a debate, a year ago, this is romney, rick perry, mostly romney. roll it. >> the way the rules work here is i get 60 seconds, and you get -- and you get 30 seconds to respond, right? anderson -- would you please wait? are you just going to keep talking? >> yes. >> are you going to let me finish with what i have to say. >> remember that moment? i guess my question, having seen that back and forth, remember, you know, romney kind of getting into rick perry's face, can you be that aggressive to
a red flag for the economy. we'll talk more about the transports and what they're telling us at 6:40. we'll also focus on the economy with the man who is charged with officially calling recessions and the end of those recessions. james poterba will be here at 7:30. and our corporate story of the morning, smartphones and mobile devices. apple launches the new iphone 5 in 22 more countries today and this comes after blackberry posted better than expected quarterly results after the bell last night. still, it is an uphill climb for this company. we'll be talking to research in motion ceo. and plus we will welcome today's political news maker, senator rand paul, one of the nation's best known tea party members. and by the way, in case you went to sleep early last night, the official nfl refs were back on the field. get this, they got a standing ovation as they took the field. the ravens beating the browns 23-16. we will have more on the game and on what's happening in sports at 6:20 eastern time. first andrew has the morning's top business headlines. >>> on the global markets agenda, results
system? >> i think that is an important question, especially for our economy. i want to point out one thing. she posed for sequestration and now says it will not happen. can you imagine that kind of leadership? she goes for the fiscal cliff and now she says it will not happen. let's talk about education. this is the problem i see. we have a department of education in washington. they have 3500 employees that make over $100,000 a year. they are dictating to the school district how to do their jobs. i think that is a shame and it is wrong. i am not talking about closing down the department of education. i have never said that and never will. can we reduce the size of that department of education and get that money down to the school district? i believe the best education for children in nevada comes between parents, teachers, and principles. -- principals. those are who should be making the decisions. >> if i could quickly comment. my opponent mentioned my vote on sequestration. just a few questions ago, he said he voted to end medicare by turning it over to private insurance companies
: tonight is the debate and the economy will be front and center. would you expect the president to admit any of this policies did not work? >> reporter: i would expect the president would deflect attention away from his record. if if you ask where is the middle class going next year after the election, you have -- i would say that the middle class is going to get maybe even worse off because we look like we are head for a real slowdown in the economy and the word recession next year has been used frequently. >> it's being bantered about. stu varney, thank you so much. bill: joe biden was in charlotte, north carolina making that comment. 15 electoral votes. a look at how he succeed, 4.3 million votes cast in the state. president obama won by 14,000 votes. he carried a 100,000 vote margin in charlotte which is where mr. biden was. he had a narrow margin of victory, more than any other state. in charlotte unemployment is above 10%. we'll see how they do, it's tough to win against those numbers. jamie: those numbers are seen in many places,en it will be interesting to hear about what they sa
't really amount to much. yesterday they had a sort of a veterans message and an economy message during events in virginia but they can't wait for just the debates. i think conservatives want to see not just big events in terms of big ideas but big events that grab the nation's attention. the romney campaign is frustrated because they say all the press asks them about is process but that's par for the course and true in every campaign i've ever covered, the press will talk about process particularly polls. mitt romney, conservatives are waiting for him to be big in events, big in message, big in personality. it seems like right now the campaign is waiting for him to do that in the debates. >> mark, you know why they focus on process, because there's not substance to -- you know, it's funny, in 1988 facing a more hostile press george h.w. bush never once whined about process. you know why? because james baker told the press what they were going to be following. and he told the candidate what he was going to be doing. and every week the candidate did it. the message was unbelievable. but
sure we get there and one of the most recent things was i created a director of the creative economy in the city to focus on tourism. somebody gets up every morning thinking about how we can connect arab manufacturing for example to design new -- as we seek to embrace an economy in the city and my a lot of folks on the council had have no idea what it meant. we really had to educate folks about what that meant and we ended up getting 11 of our counselors to vote in favor of that. in january my third week, i city solicitor who i appointed with confirmation was up for a vote from the city council and what i did on facebook was tomorrow night my solicitor candidate that i appointed will be interviewed and they will take about tomorrow night. can you please shut the meeting and speak in her favor and we got her friends there and her family there and people who didn't know her but supported me so when you pass a city council people are scared to vote against the folks who show up. it has become less about whether you agree or disagree by wanting to appease the people who are showing up. f
how we're worried in that stagnant obama economy more people are becoming dependent on economy. >> what could be better for the emotional stability of a presidential candidate than your running mate calling you inarticulate? never mind. paul ryan is the one key numbers guy. so let's hear him explain the tax policy. >> the cut in tax rates is lower -- all american tax rates -- >> how much does it cost? >> it's revenue neutral. >> it's not revenue neutral unless you take away the deductions. the first half, lowering the tax rates. does that cost $5 trillion? >> no, no. look, i won't get into a baseline argument with you. >> you haven't given me the math. >> well, i don't have the time -- it would take me too long to go through all the math. >> all right. you know what, mitt? you better put paul ryan away somewhere. send him to a sports bar somewhere in ohio. at least he can have a few beers with voters. he's got that going for him. who knows, it might help make inroads with that 9% deficit romney is facing against the president in the latest ohio poll. then again, there may not b
Search Results 0 to 49 of about 137 (some duplicates have been removed)